The price of drugs and medical devices are rising at uncontrollable rates. With many life saving drugs or devices costing hundreds of thousands, even millions of dollars per patient, the manufacturers are reaping billions in profits at the expense of everyone else.
While charging exorbitant prices is not necessarily illegal in itself, drug and medical device companies often attempt to increase profits through illegal tactics, including bribery, kickbacks, and misrepresenting efficacy and safety data to the U.S. Food and Drug Administration. These schemes not only raise the already excessive cost of drugs and devices, they put patients’ lives at risk. Fraudulent schemes include: